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Fighting Irish Incorporated pays its employees $4.620 every two weeks ($330/day). The current two-week pay period ends on December 28, 2021, and employees are paid
Fighting Irish Incorporated pays its employees $4.620 every two weeks ($330/day). The current two-week pay period ends on December 28, 2021, and employees are paid $4.620. The next two-week pay period ends on January 11, 2022, and employees are paid $4.620. Required: 1. Record the adjusting entry on December 31, 2021. 2 Calculate the 2021 yearend adjusted balance of Salarles Payable (assuming the balance of Salarles Payable before adjustment in 2021 is SO) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Record the adjusting entry on December 31, 2021. (If no entry is required for a particular transaction/event, select "No Joumal Entry Required in the first account field.) View transaction of Journal entry worksheet Record the adjusting entry on December 31, 2021. General Journal Debit Credit Date December 31 2021 Fighting Inish incorporated pays its employees $4620 every two weeks ($330/day). The current two-week pay period ends on December 28, 2021, and employees are paid $4.620. The next two-week pay period ends on January 11, 2022, and employees are paid $4.620. Required: 1. Record the adjusting entry on December 31, 2021. 2 Calculate the 2021 yearend adjusted balance of Salarles Payable (assuming the balance of Salaries Payable before adjustment in 2021 is $0) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the 2021 year-end adjusted balance of Salaries Payable (assuming the balance of Salaries Payable before adjustment in 2021 is 50). ences Ending balance
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